Q1 2023 Natura & Co Holding SA Earnings Call Transcript

May 09, 2023 / 01:00PM GMT
Operator

Good morning. Welcome to Natura &Co's First Quarter Earnings. On this call today are Fabio Barbosa, CEO of Natura &Co; and Guilherme Castellan, CFO of Natura & Co. Joao Paulo Ferreira, CEO of Natura &Co Latin America will join for the Q&A session. The presentation they will be referring to during this call is available on the Natura &Co Investor Relations website.

I will now hand the call over to Fabio Barbosa. Please go ahead.

Fabio Colletti Barbosa - Natura &Co Holding S.A. - CEO

Good morning or good afternoon to all of you, and thank you for joining us today. I'm very happy to be with you again. Natura &Co's performance in the first quarter is in line with our plan and previous communication. This is reflected in our Q1 numbers with a solid improvement both in gross margin and adjusted EBITDA margin.

In this meanwhile, the company continues to put in action important structural change in its portfolio, focusing on simplifying its structure, and improving its capital structure. Excluding Aesop Q1 '23 showed a

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